Susquehanna Portfolio Strategies LLC Sells 160,776 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Susquehanna Portfolio Strategies LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 74.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 56,423 shares of the transportation company’s stock after selling 160,776 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Delta Air Lines were worth $2,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Strategic Financial Concepts LLC bought a new position in Delta Air Lines in the 2nd quarter worth approximately $36,000. Rise Advisors LLC grew its position in shares of Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 452 shares in the last quarter. Unique Wealth Strategies LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $40,000. Richard W. Paul & Associates LLC boosted its stake in Delta Air Lines by 68.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after purchasing an additional 357 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $43,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAL. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. TD Cowen lowered their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Sanford C. Bernstein dropped their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Finally, Jefferies Financial Group decreased their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $61.52.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The stock was bought at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $51.52 on Friday. The company’s fifty day moving average price is $42.67 and its 200-day moving average price is $46.44. The stock has a market cap of $33.25 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. During the same quarter last year, the company posted $2.68 EPS. Delta Air Lines’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post 6.18 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. Delta Air Lines’s payout ratio is currently 8.63%.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.